Open Cosmos Raises 300 Million Euros as European Space Funding Accelerates

According to CNBC, satellite manufacturer Open Cosmos raised 300 million euros ($346 million) in an oversubscribed funding round as space companies attract fresh investment and governments look for alternatives to dominant U.S. players such as SpaceX. The company said it will use the capital to build satellite infrastructure, connectivity and real-time intelligence for Europe. CEO Rafel Jordà Siquier said Open Cosmos prioritized European investors aligned with its mission and is raising more capital because of the number of opportunities in space, despite being profitable for five consecutive years. He said there need to be multiple companies to serve global space demand. The raise follows several other recent funding announcements, including The Exploration Company’s $450 million Series C, PLD Space’s 108 million euro addition to its Series C that brought the round to 288 million euros, and HyImpulse’s more than 50 million euros in new equity through an extension of its Series A. Marlan Space and Loft Orbital also announced a $1 billion program to build a 50-satellite AI-enabled constellation with partners including Mistral, while Amazon Leo ordered six additional launches from Arianespace. The article said Europe’s space ambitions reached a milestone earlier this month when Isar Aerospace became the first commercial European company to put satellites into orbit. The startup raised 270 million euros in June to scale production and expand its launch network. The OECD estimated that 67% of recipients of private space investment in 2025 were U.S.-based, compared with 12.8% in Europe. The Space Foundation said the U.S. public space budget was around $77 billion in 2024, roughly five times Europe’s, according to the European Space Policy Institute.